USD/CAD Flirts With Key Confluence Level. Can Bulls Keep Up Gains Beyond 1.3728 Handle

A State of the Union address does little for the buck

CAD The Canadian dollar starts the day on the front foot, with USDCAD breaking back below 1.37 overnight. With no major Canadian data due today, the focus turns to external drivers: oil price swings, US data, and potential tariff developments. Friday’s fourth‑quarter GDP print remains the key domestic event; consensus expects a modest annualised contraction, but we see underlying growth momentum holding up, reinforcing our expectation that the B…

USD/CAD Flirts With Key Confluence Level. Can Bulls Keep Up Gains Beyond 1.3728 Handle

By Zain Vawda The loonie has continued to lose ground against the greenback today, reaching a daily high around the 1.3725 handle. One of the key …

USD/CAD Flirts With Key Confluence Level. Can Bulls Keep Up Gains Beyond 1.3728 Handle? - ActionForex

USD/CAD is testing a critical confluence level at 1.3728, a key resistance area. The pair’s rise is primarily driven by a resurgent US Dollar and stronger-than-expected US economic data. Key catalysts to watch are the upcoming Canadian Q4 GDP and US PPI data on Friday, as well as Oil price movements. The loonie has continued […] The post USD/CAD Flirts With Key Confluence Level. Can Bulls Keep Up Gains Beyond 1.3728 Handle? appeared first on Act…

USD/CAD steadies as stronger US Dollar pressures Loonie

USD/CAD trades flat on Tuesday as a firmer US Dollar (USD) keeps the Canadian Dollar (CAD) under modest pressure. At the time of writing, the pair is trading around 1.3705, after touching an intraday high near 1.3725.